Template-Type: ReDIF-Article 1.0
Author-Name: Sergey S. Litvyakov
Author-Email: s.litvyakov@gmail.com
Author-Workplace-Name: Finance University under the Government of the Russian Federation
Title: Development of Instruments of the PPP Projects Financing in the Sphere of Transport Infrastructure in Russia
Abstract: The question of public financing of investment projects and its realization by means of public-private partnership (PPP) becomes more important recently, taking into account the  existing  budget  constraints  and  constantly  growing  demand  for  public  services, especially in the sphere of transport infrastructure. The complex of measures aimed at the improvement in conditions for PPP are formulated in the article. Among them are wide use of infrastructure bonds and investing of National welfare fund and accumulated pension savings into transport infrastructure projects. Several proposals are also formulated to reduce the transaction costs during PPP tendering process and make PPP projects more transparent.
Classification-JEL:
Keywords: public-private partnerships, project finance, infrastructure bonds, transport infrastructure, transport infrastructure financing, public finance
Journal: Finansovyj žhurnal — Financial Journal
Pages: 101-108
Issue: 4
Year: 2013
Month: December
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2013/4/statii/2013_04_10.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:130410:p:101-108